Ethereum (ETH): EW MicroCounts

in ethereum •  7 years ago 

SUMMARY

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Ethereum (ETH) is faithfully putting in the microwaves to the red C wave of the ABC correction. The below chart shows a wedge pattern in development. The subwaves of red wave 3 are show to have putin a nice five wave sequence (white). Red wave 4 is also likely completing the subwaves as shown by blue abc. Once red wave 4 is complete the five wave down for red wave 5 would be next.

Currently the correction is still within the Bull Flag pattern and the red ABC is likely at its terminal end. The cluster of support (white circle on price) is holding up the decline for a bounce. The 0.78 Fib level is still the target; though, the 0.618 could also serve as the pivot point up.

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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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Great! Sir, can you please update the summary of Golem? Looks like on the Golem anaysis, you pasted the Icahn summary and chart. Also when you get a chance can you do BCH and Dover Corp analysis? Thank you!

So informative post. I think it will help the others.Thanks for sharing your experiment with all.

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Many people tell me that ETH is better than BTC. Serious? Their argument is that the BTC is less stable because it will drop immediately... Remember people even though the BTC is unstable, it is a big plus. You can buy cheaply and sell expensive. You have to be patient. Not patient? Cryptos are not for you.

guys what profiles on cryptocurrencies are interesting?

look good thanks, can you also look at DGB, RDD and BTS?

It nicely aligns with the huge ETH sell off by EOS and the migration of EOS, TRX and VEN away from Etherum into their own platforms.

It seems to be reliable information.
Thanks